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Senator Tillis agrees to advance Wash's Federal Reserve Chair nomination, with the probability of confirmation rising to 93% before May 15.
ME News Update. On April 26 (UTC+8), Senator Tom Tillis previously said he would block the confirmation of the nomination of the Federal Reserve chair, but he has now relented and is prepared to support the Senate’s confirmation process. Tillis had earlier insisted that the Department of Justice stop investigating Powell before he would allow the nomination to move forward. However, Pierce Piro, the prosecutor for Washington, D.C., announced that he would suspend his investigation into Powell’s allegations regarding the Federal Reserve’s building costs. This change has cleared the way for Kevin Wosh’s nomination as Federal Reserve chair. According to monitoring by PolyBeats, the prediction market Polymarket shows that the probability of Wosh being confirmed as Federal Reserve chair has risen to 93%. (Source: MLion)